Alan Taylor Sells 31,262 Shares of Weave Communications, Inc. (NYSE:WEAV) Stock

Weave Communications, Inc. (NYSE:WEAV) CFO Alan Taylor sold 31,262 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $348,883.92. Following the sale, the chief financial officer now directly owns 247,484 shares of the company’s stock, valued at $2,761,921.44. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alan Taylor also recently made the following trade(s):

• On Thursday, February 13th, Alan Taylor sold 789 shares of Weave Communications stock. The shares were sold at an average price of $17.01, for a total transaction of $13,420.89.
• On Monday, January 13th, Alan Taylor sold 794 shares of Weave Communications stock. The stock was sold at an average price of $15.33, for a total transaction of $12,172.02.
• On Friday, December 20th, Alan Taylor sold 4,182 shares of Weave Communications stock. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46.

Weave Communications Stock Up 0.1 %

NYSE WEAV opened at $11.63 on Friday. The company has a market capitalization of $859.09 million, a P/E ratio of -29.81 and a beta of 1.96. The stock has a 50 day moving average price of $14.67 and a 200-day moving average price of $13.97. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. As a group, equities analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Weave Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC purchased a new stake in Weave Communications in the fourth quarter worth $34,000. Quarry LP purchased a new position in shares of Weave Communications during the third quarter valued at $45,000. Amundi purchased a new position in Weave Communications in the fourth quarter valued at about $66,000. Summit Investment Advisors Inc. grew its stake in Weave Communications by 28.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after purchasing an additional 928 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Weave Communications in the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James reaffirmed a “strong-buy” rating and set a $20.00 price objective (up from $17.00) on shares of Weave Communications in a report on Friday, February 21st.

About Weave Communications

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.